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Construction Equipment Market
Construction Equipment Market Size, Share, Forecast, & Trends Analysis by Type (Material Handling, Earth Moving, Concrete and Road Construction, Others), Propulsion Type (ICE, Electric, Others), End User (Construction, Government, Private Contractor, Others), Geography - Global Forecast to 2031
Report ID:MROTH - 1041164 Pages: 250 May-2024 Formats*: PDF Category: Others Delivery: 24 to 72 HoursConstruction Equipment Market Size & Forecast
The Construction Equipment Market is expected to reach over $236.9 billion by 2031, at a CAGR of 5.3% from 2024 to 2031. The growth of this market is driven by increasing government spending on construction and infrastructure development and the increasing need to enhance efficiency, productivity, and safety in construction projects. Furthermore, the increasing automation of construction equipment is expected to create market growth opportunities. However, stringent international trade policies and mandates, coupled with the high cost of construction equipment, may restrain market growth. Additionally, the lack of skilled equipment operators is a major challenge impacting the market's growth.
Furthermore, the increasing demand for compact construction equipment and the rising adoption of electric construction equipment are prominent trends in the construction equipment market.
Construction Equipment Market Growth Drivers
Increasing Government Spending on Construction and Infrastructure Development
Increasing government spending on upgrading existing infrastructure is driving construction activities in developing countries. The infrastructure sector plays a crucial role in driving a country's economic growth and overall development. Governments worldwide are prioritizing infrastructure needs and implementing various schemes and policies to address them. For instance, in March 2023, the Singaporean government announced plans to commence construction of the new Terminal 5 (T5) at Changi Airport in 2025. Similarly, in June 2022, the Indian Minister of Road Transport and Highways announced the inauguration of 15 new national highway projects worth USD 1.7 billion in Patna and Hajipur, Bihar. Therefore, the increase in construction activities is driving the demand for material handling and road construction equipment such as forklifts, pavers, and dozers, thereby further supporting the growth of the construction equipment market.
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Construction Equipment Market Growth Opportunity
Increasing Automation of Construction Equipment
Construction equipment has undergone significant evolution in the past decade, with manufacturers introducing innovations that have made equipment smarter, safer, and more productive. Presently, the industry is experiencing a transformative era marked by further advancements that are reshaping the operations of construction sites.
Autonomous construction equipment, including dozers, excavators, load carriers, and haul trucks, represents a groundbreaking development. These driverless machines can perform various tasks on construction sites, typically controlled by an operator via a remote-control program. This innovation has enabled many construction projects to be executed with minimal safety concerns and maximum efficiency. As technology continues to progress, the demand for autonomous machines is anticipated to increase worldwide.
Moreover, the growing focus of market players on the automation of construction equipment is expected to create market growth opportunities. For instance, in February 2024, ArcBest (U.S.) launched autonomous forklifts and reach trucks that can be operated remotely.
Therefore, the increasing automation in construction equipment is expected to offer significant opportunities for the growth of this market during the forecast period.
Construction Equipment Market Trends
Growing Demand for Compact Construction Equipment
Compact and mini construction equipment are small-sized machines used for a variety of construction tasks. They are typically smaller and lighter than standard-sized construction machines but still offer a range of features and capabilities. This equipment is often used for landscaping, site preparation, and other tasks that require less power and less space.
Compact construction equipment is a versatile, cost-effective, and safe solution for many projects. The most common types of compact construction equipment include mini excavators, skid steers, mini loaders, compact wheel loaders, and compact backhoes. The most obvious benefit of using compact construction equipment is cost savings. These machines are often smaller and less powerful than larger models, significantly reducing purchase and maintenance costs. They are also much easier to transport, store, and operate, making them ideal for small-scale projects. Additionally, compact construction equipment can be used in areas with limited access or space constraints.
The benefits offered by compact construction equipment have prompted several market players to launch new products and expand their offerings. For instance, in November 2023, SANY Group (China), a prominent company in the construction equipment industry, launched five new compact excavators to its lineup, showcasing the company's commitment to innovation and meeting diverse customer needs. Such initiatives by market players are expected to drive the adoption of compact construction equipment during the forecast period.
Rising Adoption of Electric Construction Equipment
According to Danfoss (Denmark), construction machines worldwide emit a staggering 400MT of CO2 annually, equivalent to emissions from international aviation. The trend toward adopting battery-powered construction equipment is increasing internationally, driven by the implementation of stricter emission regulations. Governments and regulatory bodies worldwide are enacting more stringent emission standards for non-road diesel engines used in construction, making it increasingly challenging for construction companies to operate diesel-powered equipment.
In addition to stricter regulations on emissions and noise levels, the high cost of diesel fuel is also a significant factor driving the trend toward electric solutions. As fuel prices continue to rise, OEMs are seeking ways to reduce costs and maintain competitiveness. Electric construction equipment offers a more efficient and cost-effective solution, consuming less energy and incurring lower operating costs.
Various market players are launching new electric construction equipment, which is expected to drive market growth. For instance, in May 2023, Toyota Material Handling (U.S.) launched three new electric forklift models, expanding the company's industry-leading lineup of material handling products and solutions. This new electric product launch includes a Side-Entry End Rider, a Center Rider Stacker, and an Industrial Tow Tractor, providing customers with enhanced efficiency, versatility, and top-tier performance that prioritizes operator comfort.
Construction Equipment Market Analysis: Key Findings
By Type: in 2024, the Material Handling Equipment Segment to Dominate the Construction Equipment Market
Based on type, the construction equipment market is broadly segmented into material handling equipment, concrete and road construction equipment, earth-moving equipment, and other construction equipment. In 2024, the material handling equipment segment is expected to account for the largest share of 40.0% of the construction equipment market. This segment's large market share can be attributed to several factors, including the rapid pace of industrialization worldwide, ongoing modernization efforts in industrial infrastructures & facilities to augment production capacity, and the increasing demand for material handling equipment to facilitate smooth material movement, reduce reliance on manual labor, and enhance overall productivity. Moreover, market players' rising focus on product launches and enhancement contributes to the segment's growth. For instance, in October 2023, Hyundai Construction Equipment India strengthened its position in the infrastructure, mining, and material handling industry by launching multiple products, including four excavator models, two forklift models, and two-wheel loaders.
However, the earth-moving equipment segment is projected to register the highest CAGR during the forecast period. The growth of this segment is driven by increasing investments in residential, commercial, and industrial construction projects and the rising demand for earth-moving equipment for various purposes, including laying foundations, grading soil, removing dirt & rocks, digging trenches, and conducting demolition works. This increase in demand has prompted partnerships among various market players to expand their offerings. For instance, in January 2022, CanLift Equipment Ltd. (Canada) expanded its product line for construction machinery equipment through a strategic partnership with Xuzhou Construction Machinery Group Co., Ltd (China). This partnership aimed to enhance the sales of earth-moving equipment in Ontario.
By Propulsion Type: in 2024, the ICE Segment to Dominate the Construction Equipment Market
Based on propulsion type, the construction equipment market is segmented into ICE, electric, and CNG/LNG. In 2024, the ICE segment is expected to account for the largest share of 53.0% of the construction equipment market. This segment's large market share can be attributed to several factors, including the ease of use and high power-to-weight ratio offered by ICE construction equipment, the lower cost of ICE construction equipment compared to electric alternatives, and the increasing initiatives by market players to expand their product portfolios. For instance, in January 2023, Crown Equipment Corporation (U.S.) expanded its lift truck portfolio by launching IC and electric counterbalance forklifts capable of carrying up to 5.5 tons.
However, the electric segment is projected to register the highest CAGR during the forecast period. The growth of this segment can be attributed to the benefits offered by electric construction equipment, including lower operating expenses and minimal maintenance requirements. Additionally, supportive government initiatives aimed at promoting the adoption of electric construction equipment and the rising focus of market players on product launches and enhancement contribute to the growth of this segment. For instance, in February 2023, Action Construction Equipment Ltd. (India) announced the launch of its electric crane with a lifting capacity of 180 tons.
By End User: in 2024, the Construction Companies Segment to Dominate the Construction Equipment Market
Based on end user, the construction equipment market is segmented into construction companies, government agencies, private contractors, aerospace & defense companies, mining companies, and other end users. In 2024, the construction companies segment is expected to account for the largest share of 55.0% of the construction equipment market. This segment's large market share can be attributed to the increasing investments in infrastructure development globally, the growing adoption of advanced equipment by construction companies to enhance the speed and efficiency of construction projects, and the shortage of labor in the construction sector.
Moreover, the construction companies segment is projected to register the highest CAGR during the forecast period. The growth of this segment can be attributed to the increasing investments by leading companies in developing advanced construction equipment. For instance, in September 2023, Skanska (Sweden), a prominent construction and development firm, initiated a pilot project involving a zero-emissions electric excavator on the Los Angeles Metro's Purple (D Line) Extension Transit Project. The Volvo EC230, the largest electric excavator of its kind, is specifically designed to match the capabilities of a diesel excavator.
Geographical Analysis
In 2024, Asia-Pacific is expected to account for the largest share of 45.0% of the construction equipment market. Asia-Pacific's significant market share can be attributed to the increasing investments in construction projects, a rising focus on sustainability, efficiency, and safety within the construction industry, rapid growth in the real estate sector, and the expansion of rail and road infrastructure across the APAC region.
Moreover, the market in Asia-Pacific is projected to register the highest CAGR of 7.0% during the forecast period. The growth of this regional market can be attributed to the increasing demand for sustainable construction equipment and the rising initiatives by key market players to expand their presence in the region. For instance, in July 2023, Volvo Construction Equipment (Volvo CE) (Sweden) established a dealership in Kuching, Sarawak, located on the island of Borneo, to cater to the rising demand from Malaysian customers.
Construction Equipment Market: Key Companies
The report offers a competitive analysis based on an extensive assessment of the leading players' product portfolios and geographic presence and key growth strategies adopted by them over the past 3–4 years. Some of the key players operating in the construction equipment market are Caterpillar (U.S.), CNH Industrial N.V. (U.K.), Deere & Company (U.S.), Doosan Corporation (South Korea), Hitachi Construction Machinery Co., Ltd. (Japan), J C Bamford Excavators Ltd. (U.K.), Komatsu Ltd. (Japan), KUBOTA Corporation (Japan), LIEBHERR (Switzerland), Volvo Group (Sweden), SANY Group (China), MANITOU Group (France), Wacker Neuson SE (Germany), Terex Corporation (U.S.), and Hyundai Construction Equipment Co., Ltd. (South Korea).
Construction Equipment Industry Overview: Latest Developments from Key Industry Players
- In October 2023, CASE Construction Equipment (Italy) launched a lineup of small articulated loaders and mini-track loaders, providing small contractors with construction-grade power to tackle more jobs with less manual labor.
- In May 2023, Caterpillar (U.S.) launched the enhanced Cat D10 Dozer, specifically engineered for demanding construction environments and challenging job sites. This dozer features a load-sensing hydraulic system and a stator clutch torque converter, ensuring efficient power transmission to the ground.
- In June 2023, Caterpillar (U.S.) unveiled the new 995 Wheel Loader, with a 19% increase in capacity compared to its predecessor. Additionally, it promises up to a 13% reduction in hourly fuel consumption and delivers an additional 8% efficiency gain.
- In June 2022, Komatsu Ltd. (Japan) collaborated with Cummins Inc. (U.S.) to develop zero-emission haulage equipment, leveraging their longstanding partnership in diesel engine technology across various mining and construction equipment.
- In March 2021, Hitachi Construction Machinery Co., Ltd. (Japan) launched the ZW220-7, a Stage V-compliant wheel loader. Weighing between 18,190-19,450kg and boasting a net power of 157kW (210hp), the ZW220-7 offers a heaped bucket capacity (ISO) ranging from 2.8 to 10.0 cubic meters.
Construction Equipment Market Research Summary:
|
Particulars |
Details |
|
Number of Pages |
250 |
|
Format |
|
|
Forecast Period |
2024–2031 |
|
Base Year |
2023 |
|
CAGR |
5.3% |
|
Market Size (Value) |
Over USD 236.9 Billion by 2031 |
|
Segments Covered |
By Type
By Propulsion Type
By End User
|
|
Countries Covered |
North America (U.S., Canada), Europe (Germany, U.K., France, Italy, Spain, Switzerland, Netherlands, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and Middle East & Africa (UAE, Israel, Rest of Middle East & Africa) |
|
Key Companies |
Caterpillar (U.S.), CNH Industrial N.V. (U.K.), Deere & Company (U.S.), Doosan Corporation (South Korea), Hitachi Construction Machinery Co., Ltd. (Japan), J C Bamford Excavators Ltd. (U.K.), Komatsu Ltd. (Japan), KUBOTA Corporation (Japan), LIEBHERR (Switzerland), Volvo Group (Sweden), SANY Group (China), MANITOU Group (France), Wacker Neuson SE (Germany), Terex Corporation (U.S.), and Hyundai Construction Equipment Co., Ltd. (South Korea) |
Key questions answered in the construction equipment market report:
This study focuses on market assessment and opportunity analysis by analyzing the sales of construction equipment across various regions and countries. This study also offers a competitive analysis of the construction equipment market based on an extensive assessment of the leading players' product portfolios, geographic presence, and key growth strategies.
The construction equipment market is projected to reach over $236.9 billion by 2031, at a CAGR of 5.3% during the forecast period.
Based on type, the material handling equipment segment is expected to account for the largest share of the construction equipment market in 2024.
Based on propulsion type, the ICE segment is expected to account for the largest share of the construction equipment market in 2024.
Based on end user, the construction companies segment is expected to account for the largest share of the construction equipment market in 2024.
The growth of this market is driven by increasing government spending on construction and infrastructure development and the increasing need to enhance efficiency, productivity, and safety in construction projects. Furthermore, the increasing automation of construction equipment is expected to create market growth opportunities.
The key players operating in the construction equipment market are Caterpillar (U.S.), CNH Industrial N.V. (U.K.), Deere & Company (U.S.), Doosan Corporation (South Korea), Hitachi Construction Machinery Co., Ltd. (Japan), J C Bamford Excavators Ltd. (U.K.), Komatsu Ltd. (Japan), KUBOTA Corporation (Japan), LIEBHERR (Switzerland), Volvo Group (Sweden), SANY Group (China), MANITOU Group (France), Wacker Neuson SE (Germany), Terex Corporation (U.S.), and Hyundai Construction Equipment Co., Ltd. (South Korea)
Asia-Pacific is projected to register the highest growth rate over the coming years and offer significant growth opportunities for vendors operating in this market.
1. Introduction
1.1. Market Definition
1.2. Currency & Limitations
1.2.1. Currency
1.2.2. Limitations
2. Research Methodology
2.1. Research Approach
2.2. Process of Data Collection and Validation
2.2.1. Secondary Research
2.2.2. Primary Research/Interviews with Key Opinion Leaders of the Industry
2.3. Market Sizing and Forecast
2.3.1. Market Size Estimation Approach
2.3.2. Growth Forecast Approach
2.4. Assumption for the Study
3. Executive Summary
3.1. Market Overview
3.2. Market Analysis, by Type
3.3. Market Analysis, by Propulsion Type
3.4. Market Analysis, by End User
3.5. Market Analysis, by Geography
3.6. Competitive Analysis
4. Market Insights
4.1. Overview
4.2. Factors Affecting Market Growth
4.2.1. Drivers
4.2.1.1. Increasing Government Spending on Construction and Infrastructure Development
4.2.1.2. Increasing Need to Enhance Efficiency, Productivity, and Safety Across Construction Projects
4.2.2. Restraints
4.2.2.1. Stringent International Trade Policies and Mandates
4.2.2.2. High Cost of Construction Equipment
4.2.3. Opportunities
4.2.3.1. Increasing Automation of Construction Equipment
4.2.4. Challenges
4.2.4.1. Lack of Skilled Equipment Operators
4.3. Trends
4.3.1. Increasing Demand for Compact Construction Equipment
4.3.2. Rising Adoption of Electric Construction Equipment
4.4. Vendor Selection Criteria/Factors Affecting Buying Decision
4.5. Porter's Five Forces Analysis
4.6. Supply Chain Analysis
5. Construction Equipment Market Assessment—by Type
5.1. Overview
5.2. Material Handling Equipment
5.2.1. Forklifts
5.2.2. Cranes
5.2.3. Conveyors
5.2.4. Hoists
5.2.5. Other Material Handling Equipment
5.3. Concrete and Road Construction Equipment
5.3.1. Concrete Mixer & Pavers
5.3.2. Construction Pumps
5.3.3. Road Rollers
5.3.4. Other Concrete and Road Construction Equipment
5.4. Earth-moving Equipment
5.4.1. Excavators
5.4.2. Loaders
5.4.2.1. Backhoe Loaders
5.4.2.2. Skid Steer Loaders
5.4.2.3. Crawler/Track Loaders
5.4.2.4. Wheeled Loaders
5.4.3. Motor Graders
5.4.4. Bulldozers
5.4.5. Trencher
5.4.6. Motor Scrapers
5.4.7. Other Earth-moving Equipment
5.5. Other Construction Equipment
6. Construction Equipment Market Assessment—by Propulsion Type
6.1. Overview
6.2. ICE
6.3. Electric
6.4. CNG/LNG
7. Construction Equipment Market Assessment—by End User
7.1. Overview
7.2. Construction Companies
7.3. Government Agencies
7.4. Private Contractors
7.5. Aerospace & Defense Companies
7.6. Mining Companies
7.7. Other End Users
8. Construction Equipment Market Assessment—by Geography
8.1. North America
8.1.1. U.S.
8.1.2. Canada
8.2. Europe
8.2.1. Germany
8.2.2. U.K.
8.2.3. France
8.2.4. Italy
8.2.5. Spain
8.2.6. Switzerland
8.2.7. Netherlands
8.2.8. Rest of Europe
8.3. Asia-Pacific
8.3.1. Japan
8.3.2. China
8.3.3. India
8.3.4. South Korea
8.3.5. Singapore
8.3.6. Malaysia
8.3.7. Rest of Asia-Pacific
8.4. Latin America
8.4.1. Mexico
8.4.2. Brazil
8.4.3. Rest of Latin America
8.5. Middle East & Africa
8.5.1. UAE
8.5.2. Israel
8.5.3. Rest of Middle East & Africa
9. Construction Equipment Market Assessment—Competitive Analysis
9.1. Overview
9.2. Key Growth Strategies
9.3. Competitive Dashboard
9.3.1. Industry Leaders
9.3.2. Market differentiators
9.3.3. Vanguards
9.3.4. Contemporary Stalwarts
9.4. Vendor Market Positioning
9.5. Market Shares/Rankings, by Key Players
10. Company Profiles
10.1. Caterpillar
10.2. CNH Industrial N.V.
10.3. Deere & Company
10.4. Doosan Corporation
10.5. Hitachi Construction Machinery Co., Ltd.
10.6. J C Bamford Excavators Ltd.
10.7. Komatsu Ltd.
10.8. KUBOTA Corporation
10.9. LIEBHERR
10.10. Volvo Group
10.11. SANY Group
10.12. MANITOU Group
10.13. Wacker Neuson SE
10.14. Terex Corporation
10.15. Hyundai Construction Equipment Co., Ltd.
11. Appendix
11.1. Available Customizations
11.2. Related Reports
List of Tables
Table 1 Currency Conversion Rates (2021–2024)
Table 2 Global Construction Equipment Market, by Type, 2022–2031 (USD Million)
Table 3 Global Material Handling Equipment Market, by Country/Region, 2022–2031 (USD Million)
Table 4 Global Material Handling Equipment Market, by Type, 2022–2031 (USD Million)
Table 5 Global Forklifts Market, by Country/Region, 2022–2031 (USD Million)
Table 6 Global Cranes Market, by Country/Region, 2022–2031 (USD Million)
Table 7 Global Conveyors Market, by Country/Region, 2022–2031 (USD Million)
Table 8 Global Hoists Market, by Country/Region, 2022–2031 (USD Million)
Table 9 Global Other Material Handling Equipment Market, by Country/Region, 2022–2031 (USD Million)
Table 10 Global Concrete and Road Construction Equipment Market, by Country/Region, 2022–2031 (USD Million)
Table 11 Global Concrete and Road Construction Equipment Market, by Type, 2022–2031 (USD Million)
Table 12 Global Concrete Mixer & Pavers Market, by Country/Region, 2022–2031 (USD Million)
Table 13 Global Construction Pumps Market, by Country/Region, 2022–2031 (USD Million)
Table 14 Global Road Rollers Market, by Country/Region, 2022–2031 (USD Million)
Table 15 Global Other Concrete and Road Construction Equipment Market, by Country/Region, 2022–2031 (USD Million)
Table 16 Global Earth-moving Equipment Market, by Country/Region, 2022–2031 (USD Million)
Table 17 Global Earth-moving Equipment Market, by Type, 2022–2031 (USD Million)
Table 18 Global Excavators Market, by Country/Region, 2022–2031 (USD Million)
Table 19 Global Loaders Market, by Country/Region, 2022–2031 (USD Million)
Table 20 Global Loaders Market, by Type, 2022–2031 (USD Million)
Table 21 Global Backhoe Loaders Market, by Country/Region, 2022–2031 (USD Million)
Table 22 Global Skid Steer Loaders Market, by Country/Region, 2022–2031 (USD Million)
Table 23 Global Crawler/Track Loaders Market, by Country/Region, 2022–2031 (USD Million)
Table 24 Global Wheeled Loaders Market, by Country/Region, 2022–2031 (USD Million)
Table 25 Global Motor Graders Market, by Country/Region, 2022–2031 (USD Million)
Table 26 Global Bulldozers Market, by Country/Region, 2022–2031 (USD Million)
Table 27 Global Trencher Market, by Country/Region, 2022–2031 (USD Million)
Table 28 Global Motor Scrapers Market, by Country/Region, 2022–2031 (USD Million)
Table 29 Global Other Earth-moving Equipment Market, by Country/Region, 2022–2031 (USD Million)
Table 30 Global Other Construction Equipment Market, by Country/Region, 2022–2031 (USD Million)
Table 31 Global Construction Equipment Market, by Propulsion Type, 2022–2031 (USD Million)
Table 32 Global ICE Construction Equipment Market, by Country/Region, 2022–2031 (USD Million)
Table 33 Global Electric Construction Equipment Market, by Country/Region, 2022–2031 (USD Million)
Table 34 Global CNG/LNG Construction Equipment Market, by Country/Region, 2022–2031 (USD Million)
Table 35 Global Construction Equipment Market, by End User, 2022–2031 (USD Million)
Table 36 Global Construction Equipment Market for Construction Companies, by Country/Region, 2022–2031 (USD Million)
Table 37 Global Construction Equipment Market for Government Agencies, by Country/Region, 2022–2031 (USD Million)
Table 38 Global Construction Equipment Market for Private Contractors, by Country/Region, 2022–2031 (USD Million)
Table 39 Global Construction Equipment Market for Aerospace & Defense Companies, by Country/Region, 2022–2031 (USD Million)
Table 40 Global Construction Equipment Market for Mining Companies, by Country/Region, 2022–2031 (USD Million)
Table 41 Global Construction Equipment Market for Other End Users, by Country/Region, 2022–2031 (USD Million)
Table 42 Global Construction Equipment Market, by Country/Region, 2022–2031 (USD Million)
Table 43 North America: Construction Equipment Market, by Country, 2022–2031 (USD Million)
Table 44 North America: Construction Equipment Market, by Type, 2022–2031 (USD Million)
Table 45 North America: Material Handling Equipment Market, by Type, 2022–2031 (USD Million)
Table 46 North America: Concrete and Road Construction Equipment Market, by Type, 2022–2031 (USD Million)
Table 47 North America: Earth-moving Equipment Market, by Type, 2022–2031 (USD Million)
Table 48 North America: Earth-moving Equipment Market for Loaders, by Type, 2022–2031 (USD Million)
Table 49 North America: Construction Equipment Market, by Propulsion Tupe, 2022–2031 (USD Million)
Table 50 North America: Construction Equipment Market, by End User
Table 51 U.S.: Construction Equipment Market, by Type, 2022–2031 (USD Million)
Table 52 U.S.: Material Handling Equipment Market, by Type, 2022–2031 (USD Million)
Table 53 U.S.: Concrete and Road Construction Equipment Market, by Type, 2022–2031 (USD Million)
Table 54 U.S.: Earth-moving Equipment Market, by Type, 2022–2031 (USD Million)
Table 55 U.S.: Earth-moving Equipment Market for Loaders, by Type, 2022–2031 (USD Million)
Table 56 U.S.: Construction Equipment Market, by Propulsion Tupe, 2022–2031 (USD Million)
Table 57 U.S.: Construction Equipment Market, by End User
Table 58 Canada: Construction Equipment Market, by Type, 2022–2031 (USD Million)
Table 59 Canada: Material Handling Equipment Market, by Type, 2022–2031 (USD Million)
Table 60 Canada: Concrete and Road Construction Equipment Market, by Type, 2022–2031 (USD Million)
Table 61 Canada: Earth-moving Equipment Market, by Type, 2022–2031 (USD Million)
Table 62 Canada: Earth-moving Equipment Market for Loaders, by Type, 2022–2031 (USD Million)
Table 63 Canada: Construction Equipment Market, by Propulsion Tupe, 2022–2031 (USD Million)
Table 64 Canada: Construction Equipment Market, by End User
Table 65 Europe: Construction Equipment Market, by Country/Region, 2022–2031 (USD Million)
Table 66 Europe: Construction Equipment Market, by Type, 2022–2031 (USD Million)
Table 67 Europe: Material Handling Equipment Market, by Type, 2022–2031 (USD Million)
Table 68 Europe: Concrete and Road Construction Equipment Market, by Type, 2022–2031 (USD Million)
Table 69 Europe: Earth-moving Equipment Market, by Type, 2022–2031 (USD Million)
Table 70 Europe: Earth-moving Equipment Market for Loaders, by Type, 2022–2031 (USD Million)
Table 71 Europe: Construction Equipment Market, by Propulsion Tupe, 2022–2031 (USD Million)
Table 72 Europe: Construction Equipment Market, by End User
Table 73 Germany: Construction Equipment Market, by Type, 2022–2031 (USD Million)
Table 74 Germany: Material Handling Equipment Market, by Type, 2022–2031 (USD Million)
Table 75 Germany: Concrete and Road Construction Equipment Market, by Type, 2022–2031 (USD Million)
Table 76 Germany: Earth-moving Equipment Market, by Type, 2022–2031 (USD Million)
Table 77 Germany: Earth-moving Equipment Market for Loaders, by Type, 2022–2031 (USD Million)
Table 78 Germany: Construction Equipment Market, by Propulsion Tupe, 2022–2031 (USD Million)
Table 79 Germany: Construction Equipment Market, by End User
Table 80 U.K.: Construction Equipment Market, by Type, 2022–2031 (USD Million)
Table 81 U.K.: Material Handling Equipment Market, by Type, 2022–2031 (USD Million)
Table 82 U.K.: Concrete and Road Construction Equipment Market, by Type, 2022–2031 (USD Million)
Table 83 U.K.: Earth-moving Equipment Market, by Type, 2022–2031 (USD Million)
Table 84 U.K.: Earth-moving Equipment Market for Loaders, by Type, 2022–2031 (USD Million)
Table 85 U.K.: Construction Equipment Market, by Propulsion Tupe, 2022–2031 (USD Million)
Table 86 U.K.: Construction Equipment Market, by End User
Table 87 France: Construction Equipment Market, by Type, 2022–2031 (USD Million)
Table 88 France: Material Handling Equipment Market, by Type, 2022–2031 (USD Million)
Table 89 France: Concrete and Road Construction Equipment Market, by Type, 2022–2031 (USD Million)
Table 90 France: Earth-moving Equipment Market, by Type, 2022–2031 (USD Million)
Table 91 France: Earth-moving Equipment Market for Loaders, by Type, 2022–2031 (USD Million)
Table 92 France: Construction Equipment Market, by Propulsion Tupe, 2022–2031 (USD Million)
Table 93 France: Construction Equipment Market, by End User
Table 94 Italy: Construction Equipment Market, by Type, 2022–2031 (USD Million)
Table 95 Italy: Material Handling Equipment Market, by Type, 2022–2031 (USD Million)
Table 96 Italy: Concrete and Road Construction Equipment Market, by Type, 2022–2031 (USD Million)
Table 97 Italy: Earth-moving Equipment Market, by Type, 2022–2031 (USD Million)
Table 98 Italy: Earth-moving Equipment Market for Loaders, by Type, 2022–2031 (USD Million)
Table 99 Italy: Construction Equipment Market, by Propulsion Tupe, 2022–2031 (USD Million)
Table 100 Italy: Construction Equipment Market, by End User
Table 101 Spain: Construction Equipment Market, by Type, 2022–2031 (USD Million)
Table 102 Spain: Material Handling Equipment Market, by Type, 2022–2031 (USD Million)
Table 103 Spain: Concrete and Road Construction Equipment Market, by Type, 2022–2031 (USD Million)
Table 104 Spain: Earth-moving Equipment Market, by Type, 2022–2031 (USD Million)
Table 105 Spain: Earth-moving Equipment Market for Loaders, by Type, 2022–2031 (USD Million)
Table 106 Spain: Construction Equipment Market, by Propulsion Tupe, 2022–2031 (USD Million)
Table 107 Spain: Construction Equipment Market, by End User
Table 108 Switzerland: Construction Equipment Market, by Type, 2022–2031 (USD Million)
Table 109 Switzerland: Material Handling Equipment Market, by Type, 2022–2031 (USD Million)
Table 110 Switzerland: Concrete and Road Construction Equipment Market, by Type, 2022–2031 (USD Million)
Table 111 Switzerland: Earth-moving Equipment Market, by Type, 2022–2031 (USD Million)
Table 112 Switzerland: Earth-moving Equipment Market for Loaders, by Type, 2022–2031 (USD Million)
Table 113 Switzerland: Construction Equipment Market, by Propulsion Tupe, 2022–2031 (USD Million)
Table 114 Switzerland: Construction Equipment Market, by End User
Table 115 Netherlands: Construction Equipment Market, by Type, 2022–2031 (USD Million)
Table 116 Netherlands: Material Handling Equipment Market, by Type, 2022–2031 (USD Million)
Table 117 Netherlands: Concrete and Road Construction Equipment Market, by Type, 2022–2031 (USD Million)
Table 118 Netherlands: Earth-moving Equipment Market, by Type, 2022–2031 (USD Million)
Table 119 Netherlands: Earth-moving Equipment Market for Loaders, by Type, 2022–2031 (USD Million)
Table 120 Netherlands: Construction Equipment Market, by Propulsion Tupe, 2022–2031 (USD Million)
Table 121 Netherlands: Construction Equipment Market, by End User
Table 122 Rest of Europe: Construction Equipment Market, by Type, 2022–2031 (USD Million)
Table 123 Rest of Europe: Material Handling Equipment Market, by Type, 2022–2031 (USD Million)
Table 124 Rest of Europe: Concrete and Road Construction Equipment Market, by Type, 2022–2031 (USD Million)
Table 125 Rest of Europe: Earth-moving Equipment Market, by Type, 2022–2031 (USD Million)
Table 126 Rest of Europe: Earth-moving Equipment Market for Loaders, by Type, 2022–2031 (USD Million)
Table 127 Rest of Europe: Construction Equipment Market, by Propulsion Tupe, 2022–2031 (USD Million)
Table 128 Rest of Europe: Construction Equipment Market, by End User
Table 129 Asia-Pacific: Construction Equipment Market, by Country/Region, 2022–2031 (USD Million)
Table 130 Asia-Pacific: Construction Equipment Market, by Type, 2022–2031 (USD Million)
Table 131 Asia-Pacific: Material Handling Equipment Market, by Type, 2022–2031 (USD Million)
Table 132 Asia-Pacific: Concrete and Road Construction Equipment Market, by Type, 2022–2031 (USD Million)
Table 133 Asia-Pacific: Earth-moving Equipment Market, by Type, 2022–2031 (USD Million)
Table 134 Asia-Pacific: Earth-moving Equipment Market for Loaders, by Type, 2022–2031 (USD Million)
Table 135 Asia-Pacific: Construction Equipment Market, by Propulsion Tupe, 2022–2031 (USD Million)
Table 136 Asia-Pacific: Construction Equipment Market, by End User
Table 137 Japan: Construction Equipment Market, by Type, 2022–2031 (USD Million)
Table 138 Japan: Material Handling Equipment Market, by Type, 2022–2031 (USD Million)
Table 139 Japan: Concrete and Road Construction Equipment Market, by Type, 2022–2031 (USD Million)
Table 140 Japan: Earth-moving Equipment Market, by Type, 2022–2031 (USD Million)
Table 141 Japan: Earth-moving Equipment Market for Loaders, by Type, 2022–2031 (USD Million)
Table 142 Japan: Construction Equipment Market, by Propulsion Tupe, 2022–2031 (USD Million)
Table 143 Japan: Construction Equipment Market, by End User
Table 144 China: Construction Equipment Market, by Type, 2022–2031 (USD Million)
Table 145 China: Material Handling Equipment Market, by Type, 2022–2031 (USD Million)
Table 146 China: Concrete and Road Construction Equipment Market, by Type, 2022–2031 (USD Million)
Table 147 China: Earth-moving Equipment Market, by Type, 2022–2031 (USD Million)
Table 148 China: Earth-moving Equipment Market for Loaders, by Type, 2022–2031 (USD Million)
Table 149 China: Construction Equipment Market, by Propulsion Tupe, 2022–2031 (USD Million)
Table 150 China: Construction Equipment Market, by End User
Table 151 India: Construction Equipment Market, by Type, 2022–2031 (USD Million)
Table 152 India: Material Handling Equipment Market, by Type, 2022–2031 (USD Million)
Table 153 India: Concrete and Road Construction Equipment Market, by Type, 2022–2031 (USD Million)
Table 154 India: Earth-moving Equipment Market, by Type, 2022–2031 (USD Million)
Table 155 India: Earth-moving Equipment Market for Loaders, by Type, 2022–2031 (USD Million)
Table 156 India: Construction Equipment Market, by Propulsion Tupe, 2022–2031 (USD Million)
Table 157 India: Construction Equipment Market, by End User
Table 158 South Korea: Construction Equipment Market, by Type, 2022–2031 (USD Million)
Table 159 South Korea: Material Handling Equipment Market, by Type, 2022–2031 (USD Million)
Table 160 South Korea: Concrete and Road Construction Equipment Market, by Type, 2022–2031 (USD Million)
Table 161 South Korea: Earth-moving Equipment Market, by Type, 2022–2031 (USD Million)
Table 162 South Korea: Earth-moving Equipment Market for Loaders, by Type, 2022–2031 (USD Million)
Table 163 South Korea: Construction Equipment Market, by Propulsion Tupe, 2022–2031 (USD Million)
Table 164 South Korea: Construction Equipment Market, by End User
Table 165 Singapore: Construction Equipment Market, by Type, 2022–2031 (USD Million)
Table 166 Singapore: Material Handling Equipment Market, by Type, 2022–2031 (USD Million)
Table 167 Singapore: Concrete and Road Construction Equipment Market, by Type, 2022–2031 (USD Million)
Table 168 Singapore: Earth-moving Equipment Market, by Type, 2022–2031 (USD Million)
Table 169 Singapore: Earth-moving Equipment Market for Loaders, by Type, 2022–2031 (USD Million)
Table 170 Singapore: Construction Equipment Market, by Propulsion Tupe, 2022–2031 (USD Million)
Table 171 Singapore: Construction Equipment Market, by End User
Table 172 Malaysia: Construction Equipment Market, by Type, 2022–2031 (USD Million)
Table 173 Malaysia: Material Handling Equipment Market, by Type, 2022–2031 (USD Million)
Table 174 Malaysia: Concrete and Road Construction Equipment Market, by Type, 2022–2031 (USD Million)
Table 175 Malaysia: Earth-moving Equipment Market, by Type, 2022–2031 (USD Million)
Table 176 Malaysia: Earth-moving Equipment Market for Loaders, by Type, 2022–2031 (USD Million)
Table 177 Malaysia: Construction Equipment Market, by Propulsion Tupe, 2022–2031 (USD Million)
Table 178 Malaysia: Construction Equipment Market, by End User
Table 179 Rest of Asia-Pacific: Construction Equipment Market, by Type, 2022–2031 (USD Million)
Table 180 Rest of Asia-Pacific: Material Handling Equipment Market, by Type, 2022–2031 (USD Million)
Table 181 Rest of Asia-Pacific: Concrete and Road Construction Equipment Market, by Type, 2022–2031 (USD Million)
Table 182 Rest of Asia-Pacific: Earth-moving Equipment Market, by Type, 2022–2031 (USD Million)
Table 183 Rest of Asia-Pacific: Earth-moving Equipment Market for Loaders, by Type, 2022–2031 (USD Million)
Table 184 Rest of Asia-Pacific: Construction Equipment Market, by Propulsion Tupe, 2022–2031 (USD Million)
Table 185 Rest of Asia-Pacific: Construction Equipment Market, by End User
Table 186 Latin America: Construction Equipment Market, by Country/Region, 2022–2031 (USD Million)
Table 187 Latin America: Construction Equipment Market, by Type, 2022–2031 (USD Million)
Table 188 Latin America: Material Handling Equipment Market, by Type, 2022–2031 (USD Million)
Table 189 Latin America: Concrete and Road Construction Equipment Market, by Type, 2022–2031 (USD Million)
Table 190 Latin America: Earth-moving Equipment Market, by Type, 2022–2031 (USD Million)
Table 191 Latin America: Earth-moving Equipment Market for Loaders, by Type, 2022–2031 (USD Million)
Table 192 Latin America: Construction Equipment Market, by Propulsion Tupe, 2022–2031 (USD Million)
Table 193 Latin America: Construction Equipment Market, by End User
Table 194 Brazil: Construction Equipment Market, by Type, 2022–2031 (USD Million)
Table 195 Brazil: Material Handling Equipment Market, by Type, 2022–2031 (USD Million)
Table 196 Brazil: Concrete and Road Construction Equipment Market, by Type, 2022–2031 (USD Million)
Table 197 Brazil: Earth-moving Equipment Market, by Type, 2022–2031 (USD Million)
Table 198 Brazil: Earth-moving Equipment Market for Loaders, by Type, 2022–2031 (USD Million)
Table 199 Brazil: Construction Equipment Market, by Propulsion Tupe, 2022–2031 (USD Million)
Table 200 Brazil: Construction Equipment Market, by End User
Table 201 Mexico: Construction Equipment Market, by Type, 2022–2031 (USD Million)
Table 202 Mexico: Material Handling Equipment Market, by Type, 2022–2031 (USD Million)
Table 203 Mexico: Concrete and Road Construction Equipment Market, by Type, 2022–2031 (USD Million)
Table 204 Mexico: Earth-moving Equipment Market, by Type, 2022–2031 (USD Million)
Table 205 Mexico: Earth-moving Equipment Market for Loaders, by Type, 2022–2031 (USD Million)
Table 206 Mexico: Construction Equipment Market, by Propulsion Tupe, 2022–2031 (USD Million)
Table 207 Mexico: Construction Equipment Market, by End User
Table 208 Rest of Latin America: Construction Equipment Market, by Type, 2022–2031 (USD Million)
Table 209 Rest of Latin America: Material Handling Equipment Market, by Type, 2022–2031 (USD Million)
Table 210 Rest of Latin America: Concrete and Road Construction Equipment Market, by Type, 2022–2031 (USD Million)
Table 211 Rest of Latin America: Earth-moving Equipment Market, by Type, 2022–2031 (USD Million)
Table 212 Rest of Latin America: Earth-moving Equipment Market for Loaders, by Type, 2022–2031 (USD Million)
Table 213 Rest of Latin America: Construction Equipment Market, by Propulsion Tupe, 2022–2031 (USD Million)
Table 214 Rest of Latin America: Construction Equipment Market, by End User
Table 215 Middle East & Africa: Construction Equipment Market, by Country/Region, 2022–2031 (USD Million)
Table 216 Middle East & Africa: Construction Equipment Market, by Type, 2022–2031 (USD Million)
Table 217 Middle East & Africa: Material Handling Equipment Market, by Type, 2022–2031 (USD Million)
Table 218 Middle East & Africa: Concrete and Road Construction Equipment Market, by Type, 2022–2031 (USD Million)
Table 219 Middle East & Africa: Earth-moving Equipment Market, by Type, 2022–2031 (USD Million)
Table 220 Middle East & Africa: Earth-moving Equipment Market for Loaders, by Type, 2022–2031 (USD Million)
Table 221 Middle East & Africa: Construction Equipment Market, by Propulsion Tupe, 2022–2031 (USD Million)
Table 222 Middle East & Africa: Construction Equipment Market, by End User
Table 223 UAE: Construction Equipment Market, by Type, 2022–2031 (USD Million)
Table 224 UAE: Material Handling Equipment Market, by Type, 2022–2031 (USD Million)
Table 225 UAE: Concrete and Road Construction Equipment Market, by Type, 2022–2031 (USD Million)
Table 226 UAE: Earth-moving Equipment Market, by Type, 2022–2031 (USD Million)
Table 227 UAE: Earth-moving Equipment Market for Loaders, by Type, 2022–2031 (USD Million)
Table 228 UAE: Construction Equipment Market, by Propulsion Tupe, 2022–2031 (USD Million)
Table 229 UAE: Construction Equipment Market, by End User
Table 230 Israel: Construction Equipment Market, by Type, 2022–2031 (USD Million)
Table 231 Israel: Material Handling Equipment Market, by Type, 2022–2031 (USD Million)
Table 232 Israel: Concrete and Road Construction Equipment Market, by Type, 2022–2031 (USD Million)
Table 233 Israel: Earth-moving Equipment Market, by Type, 2022–2031 (USD Million)
Table 234 Israel: Earth-moving Equipment Market for Loaders, by Type, 2022–2031 (USD Million)
Table 235 Israel: Construction Equipment Market, by Propulsion Tupe, 2022–2031 (USD Million)
Table 236 Israel: Construction Equipment Market, by End User
Table 237 Rest of Middle East & Africa: Construction Equipment Market, by Type, 2022–2031 (USD Million)
Table 238 Rest of Middle East & Africa: Material Handling Equipment Market, by Type, 2022–2031 (USD Million)
Table 239 Rest of Middle East & Africa: Concrete and Road Construction Equipment Market, by Type, 2022–2031 (USD Million)
Table 240 Rest of Middle East & Africa: Earth-moving Equipment Market, by Type, 2022–2031 (USD Million)
Table 241 Rest of Middle East & Africa: Earth-moving Equipment Market for Loaders, by Type, 2022–2031 (USD Million)
Table 242 Rest of Middle East & Africa: Construction Equipment Market, by Propulsion Tupe, 2022–2031 (USD Million)
Table 243 Rest of Middle East & Africa: Construction Equipment Market, by End User
Table 244 Recent Developments by the Major Market Players (2021–2024)
List of Figures
Figure 1 Research Process
Figure 2 Secondary Sources Referenced for this Study
Figure 3 Primary Research Techniques
Figure 4 Key Executives Interviewed
Figure 5 Breakdown of Primary Interviews (Supply Side & Demand Side)
Figure 6 Market Sizing and Growth Forecast Approach
Figure 7 Key Insights
Figure 8 Global Construction Equipment Market, by Type, 2024 Vs. 2031 (USD Million)
Figure 9 Global Construction Equipment Market, by Propulsion Type, 2024 Vs. 2031 (USD Million)
Figure 10 Global Construction Equipment Market, by End User, 2024 Vs. 2031 (USD Million)
Figure 11 Geographic Snapshot: Construction Equipment Market
Figure 12 Impact Analysis of Market Drivers, Restraints, Opportunities, and Challenges
Figure 13 Global Construction Equipment Market, by Type, 2024 Vs. 2031 (USD Million)
Figure 14 Global Construction Equipment Market, by Propulsion Type, 2024 Vs. 2031 (USD Million)
Figure 15 Global Construction Equipment Market, by End User, 2024 Vs. 2031 (USD Million)
Figure 16 Global Construction Equipment Market, by Geography, 2024 Vs. 2031 (USD Million)
Figure 17 Geographic Snapshot: North America Construction Equipment Market
Figure 18 Geographic Snapshot: Europe Construction Equipment Market
Figure 19 Geographic Snapshot: Asia-Pacific Construction Equipment Market
Figure 20 Geographic Snapshot: Latin America Construction Equipment Market
Figure 21 Geographic Snapshot: Middle East & Africa Construction Equipment Market
Figure 22 Growth Strategies Adopted by Leading Market Players (2021–2024)
Figure 23 Competitive Dashboard: Construction Equipment Market
Figure 24 Vendor Market Positioning Analysis (2021–2024)
Figure 25 Caterpillar: Financial Overview
Figure 26 CNH Industrial N.V.: Financial Overview
Figure 27 Deere & Company: Financial Overview
Figure 28 Doosan Corporation: Financial Overview
Figure 29 Hitachi Construction Machinery Co., Ltd.: Financial Overview
Figure 30 Komatsu Ltd.: Financial Overview
Figure 31 KUBOTA Corporation: Financial Overview
Figure 32 LIEBHERR: Financial Overview
Figure 33 Volvo Group: Financial Overview
Figure 34 SANY Group: Financial Overview
Figure 35 MANITOU Group: Financial Overview
Figure 36 Wacker Neuson SE: Financial Overview
Figure 37 Terex Corporation: Financial Overview
Figure 38 Hyundai Construction Equipment Co., Ltd.: Financial Overview
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